Examlex
A baseball coach is creating a nine-player batting order by selecting from a team of 19 players.How many different batting orders are possible?
Opportunity Cost
The value of the best alternative forgone when a decision is made to choose one option over others.
Attainable Combination
An attainable combination is a set of goods or services that can be produced or provided with the available resources and technology, without overextending production capabilities.
Economy Will Produce
The total amount of goods and services that an economy is capable of producing at a given time and level of resources.
Efficient Combination
The optimal use or allocation of resources to achieve the best possible outcome or production level.
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